China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

Excluding exports, domestic NEV sales were 856,000 units in May, up 40.8 percent year-on-year and up 16.3 percent from April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

China's new energy vehicle (NEV) sales rebounded in May, after seeing an unexpected decline in April.

Join us on or

China sold 955,000 NEVs in May, up 33.3 percent year-on-year and up 12.4 percent from April, according to data released today by the China Association of Automobile Manufacturers (CAAM).

CAAM's NEV sales are the wholesale sales of automakers, including sales in China and exports to overseas markets. NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles.

China sold 583,000 BEVs in May, up 12.5 percent year-on-year and up 12.3 percent from April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

PHEV sales in May were a record 371,000 units, up 87.7 percent year-on-year and up 12.1 percent from April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

Fuel cell vehicle sales in May were 400 units, up 5.2 percent.

China's all vehicle sales in May were 2,417,000 units, up 1.5 percent year-on-year and up 2.5 percent from April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

This means that NEV penetration was a record 39.5 percent in May, up from 36.0 percent in April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

Excluding exports, domestic NEV sales in May were 856,000 units, up 40.8 percent year-on-year and up 16.3 percent from April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

In May, 481,000 vehicles were exported from China, up 23.9 percent year-on-year but 4.4 percent lower than in April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

Of these, NEV exports were 99,000 units, 9 percent lower year-on-year and 13.3 percent lower than in April.

China sells 955,000 NEVs in May, up 12% from Apr, CAAM data show

BEVs exported 77,000 units in May, down 22.3 percent year-on-year and 13.8 percent lower from April.

PHEVs exported 22,000 units in May, up 130 percent year-on-year but down 11.6 percent from April.

In the January-May period, BYD was No. 1 in China's NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent.
Jun 13, 2024
Daily Recap
Subscribe to Daily Recap to get updates on what's happening in China's EV industry each day.
Daily Recap
View more channels